The ABI is considered a leading economic indicator because there’s a nine- to 12-month lag between architecture billings and construction spending.

“This is a clear indication that there could be tougher times ahead for design firms and a noticeable slowdown in commercial construction projects coming online in the foreseeable future,” said AIA Chief Economist Kermit Baker, in a prepared statement. “The one bright spot continues to be the institutional sector with continued positive conditions for construction projects such as schools, hospitals and government buildings.”

That’s certainly the case in San Antonio, which is in the middle of one of it’s busiest-ever periods in commercial construction.

By 2011, there’s supposed to be more than $2 billion just in military-related construction in the Alamo City.